US hotel revenue rises by 11.5%

19 October 2006

U.S. hotels posted an 11.5 percent increase in room revenue for the week ended Oct. 14 versus a year ago, Smith Travel Research said on Wednesday. Occupancy rose 1.2 percentage points to 68.8 percent, while room rates rose 10.3 percent to an average of $100.25 a night, according to Smith, which tracks lodging industry data.

That lifted revenue per available room, a combination of room rates and occupancy that is a benchmark of the industry’s health, 11.5 percent to $68.94.